AssetDesign

Wave 3 to Push GLD to New Highs

Long
BATS:GLD   SPDR Gold Trust
Wave pattern is looking fairly clear, showing that we are in a Wave 3 now. A breakout of the recent highs should push price to 230 and above. When gold starts taking off, it will be moving over 100 a day, 10 points in GLD. Target price could be achieved fairly soon, probably by the time the Fed cuts rates. Many are expecting this in March. My strategy has been buying deep in the money Jan 26 calls. Also building positions in miners and streamers. GLD, NEM, WPM, FSM and a few others

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